[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion]Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao
On June 4, 2026, it was reported that the single container cargo value of the China Europe freight train increased by 41% year-on-year, the customs clearance efficiency improved by 30%, and the stable operation of connecting Asia and Europe was achieved, restructuring the cross-border supply chain system.Editor/Gao Xue
Recently, SimFer, a joint venture between China Aluminum and Rio Tinto, has completed the construction of the Simandou iron ore branch railway. The 74 kilometer line connects the mining area with the main line and can transport 60 million tons of iron ore annually.Editor/Gao Xue